Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    394 Elm St Gardner, MA 01440-3944

    • Investment properties
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    $590,000
    Last Sale
    Apr 07, 2023
    $640,000
    Location Intelligence
    Property ID
    US38-0693180
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dasti Irfan L DDS / Dentist
    • Joseph O'Brien PC / Dentist

    Property Details for 394 Elm St

    Lot size
    0.69 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    GARD M:R22 B:24 L:9
    APU
    GARDMR22B24L9

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $550,000

    • CAP approach

      CAP return
      Estimation
      6%
      $650,000
      6.5%
      $725,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $670,000
      Geo Method
      $700,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $595,000
      Retail
      $720,000
      Mixed-Use
      $730,000
      Hospitality
      $625,000
      Educational
      $620,000
      Residential Income
      $635,000
      Energy
      $695,000
      Income-Based Land
      $640,000
      Food Service
      $665,000

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9812
    Latitude
    42.567
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,038
    $147,900
    $321,600
    $469,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      45,934 SF

      14 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 45,934 SF
      14 Main St, Gardner, MA 01440-2652
      View Details
    • Value Estimation
      $415,000
      3,314 SF

      173 Conant St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,314 SF
      173 Conant St, Gardner, MA 01440-3145
      View Details
    • Value Estimation by Request
      14,448 SF

      36-38 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 14,448 SF
      36-38 Main St, Gardner, MA 01440
      View Details
    • Value Estimation
      $260,000
      1,695 SF

      18 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,695 SF
      18 Main St, Gardner, MA 01440
      View Details
    • Value Estimation
      $175,000
      4,144 SF

      130 Parker St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,144 SF
      130 Parker St, Gardner, MA 01440-3809
      View Details
    • Value Estimation
      $250,000
      1,976 SF

      400 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,976 SF
      400 Pleasant St, Gardner, MA 01440-2931
      View Details

    Similar Nearby for Sale

    • $570,000

      Gardner Office Building For Sale

      Vacant building with ample space near downtown and highway.
      41-43 Lennon St, Gardner, MA 01440
      View Details
    • $600,000

      Retail Building on Main Street

      Two-story retail building with high visibility and parking.
      380 Main St, Gardner, MA 01440
      View Details
    • $250,000
      1.81 Acres

      Gardner Commercial Land Opportunity

      High-visibility vacant land suitable for various commercial developments.
      Timpany Blvd, Gardner, MA 01440
      View Details
    • $399,900
      1,359 SF

      Updated Two-Family Home in Gardner

      Well-maintained two-family with updates, long-term tenants, and convenient location.
      84 Jean St, Gardner, MA 01440
      View Details
    • $399,900

      Gardner Triplex with Renovation Potential

      Three-family property near downtown Gardner with renovation opportunities.
      24 Greenwood St, Gardner, MA 01440
      View Details
    • $409,900

      Sun Drenched Two-Family Home

      Two-family home with rental income potential near highway.
      64 High St, Gardner, MA 01440
      View Details

    Similar Nearby for Lease

    • $500 /Mo

      Premium Office Space in Gardner

      High-traffic office space near Route 2 with included utilities.
      486 Chestnut St, Gardner, MA 01440
      View Details
    • Contact for pricing
      183,775 SF

      Timpany Plaza Retail Center

      Gardner, MA: High-traffic retail spaces available.
      360 Timpany Blvd, Gardner, MA 01440
      View Details
    • Contact for pricing
      18,371 SF

      Retail Space in Timpany Plaza

      Retail space for lease in vibrant shopping center.
      336-384 Timpany Blvd, Gardner, MA 01440
      View Details
    • $10 SF/Yr

      Retail Space in Busy Area

      2,300 sqft commercial space in a desirable, busy location.
      403-405 Parker St, Gardner, MA 01440
      View Details
    • $22 SF/Yr
      12,511 SF

      Prime Gardner Medical Office Space

      1,654 SF Executive Suite Available
      354 Main St, Gardner, MA 01440
      View Details

    Property Visit Statistics

    • Visits by month
      11.3k
    • Visitors by month
      7.9k
    • Avg Time on site
      7 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    394 Elm St
    Gardner, MA 01440-3944
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.